Entry Level Trading Jobs London england

Entry Level Trading Jobs London

About London Trading Jobs

Traders attempt to profit from market volatility in securities. They also profit by closing positions with the goal of making small but frequent gains. Traders buy and sell securities on the financial market by employing economic data and economic patterns to assist in anticipating the success or failure of securities. Trading jobs London covers a variety of different jobs as there are many types of traders. Traders may vary from part-time hobbyists who trade for themselves to independent traders working out of their homes, to institutional players who trade hundreds of millions of pounds worth of shares in a single session (one day of the market during opening hours). Of course, it takes time to work one’s way to the upper echelons of the trading game.  Every successful trader had to start somewhere. Most institutional traders started with entry-level positions and worked their way up through the ranks. 

Trading Jobs london Salaries

One of the main appeals of working in London’s trading industry is the potential to earn an attractive salary. Of course, the salary of a trader is commensurate with experience.

At the high end, you could say that the sky is the limit. A trader with at least 10 years’ experience can average between £400,000 to £600,000 per year.

Junior Trader Jobs 

Junior trader jobs with two years’ experience may be expected to earn anywhere in the ballpark of £49,000 to £90,000, based on performance.
For trainee stock traders, starting salaries tend to range from roughly £26,000 to £32,000, plus commission in London, England, United Kingdom. 

Of course, traders work diligently for their salaries. Traders’ salaries also come with long hours.

Junior Forex Trader

Similarly the entry level salary for a junior Forex trader in London is around the £80,000 per year mark rising to around the £120,000 per year level when they become experienced.

Junior Broker

Junior broker jobs, trainee mortgage adviser/trainee mortgage broker and junior mortgage broker/assistant mortgage broker roles typically have salaries of around the £40,000 per year figure plus a bonus which is determined upon the junior brokers sales performance.  Then with experience and depending on the level of success they achieve a in-house mortgage broker can expect to command salaries in the $100-150,000 bracket plus the commissions and performance bonus London employers offer.

Typical Hours for London Traders

Currently, the London Stock Exchange opens at 08:00 UK time (UTC+1) and close at 16:30 (UTC+1). There is a short break between 12:00 pm and 12:02 pm. The London stock market has some of the longest hours in the world, with nearly eight and a half hours of total trading time compared to the world market norm of between five and seven hours. Experienced London traders typically work from 07:00 to 18:30. However, it is not uncommon for entry-level traders to work considerably longer hours. The Investment Association estimates that the average European trader works approximately 60 hours per week. It is common for traders to put in extra time both before and after the trading day in order to prepare and later finalise their trades.

Getting a Trading Job in London

You may be asking yourself how one goes about getting their first entry-level trading job in London. While there is no guarantee or magic path to success as a trader, it does help to meet or exceed the general prerequisites and to possess the specific qualities long associated with traders.

Prerequisites to London’s Entry-Level Trading Jobs

Although this field is open to all graduates with a four-year bachelor degree, the competition is fierce. The entry standards are high, often requiring a minimum Upper Second-Class Honours (2:1) degree. Holding a degree in a related field such as finance, economics, statistics, accounting, business, maths, and sciences can help the applicant gain a foothold in the industry.  

Aside from a degree, a thorough understanding of math, probability, and statistics is a necessary skill to perform well in the position. Additionally, proficiency in Microsoft Excel is generally necessary with knowledge of VBA, SQL, python, statistical modelling or programming being a strong plus on one’s resume. The selection process for entry-level London traders is demanding. An assessment may include multiple interviews as well as psychometric tests which may test for qualities that may or may not be implied by your CV. 

Qualities Associated with Successful Traders from London England

There are certain qualities that employers want to see in potential entry-level traders. Considering how competitive the market is, it is important that you determine if you possess these attributes prior to committing to finding a job in trading.

The following is a list of qualities and skills often desired by employers for entry-level candidates:

  • The ability to work well under stress
  • Strong numeracy and analytical skills
  • Excellent communication and interpersonal skills
  • Team player
  • Physical and mental stamina
  • Independent thinking
  • an interest in financial markets
  • Integrity
  • Ability to accept responsibility

Responsibilities of Entry-Level Traders

Traders, even at the entry level, carry a significant amount of responsibility. Some of the responsibilities of entry-level traders may include communicating with colleagues and clients, analysing the market, making split-second decisions, predicting markets, executing trades either electronically or by phone, liaising with others regarding market movements, gathering information, identifying client issues, and developing client relationships. Certainly, this list is not exhaustive, and it is imperative for traders to be both flexible and confident when unexpected tasks are assigned.